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Farm gate newsletter for August 5th 2015

News and analysis

LATEST MARKET PRICES

as at Wednesday, August 5th 2015

      Current     52 week 
      price range     high low
Saleyard prices ...              
LAMB ($/head) weighted average              
Store NI   80 - 85     118 57
  SI   83 - 84     109 48
Prime NI   94 - 110     143 83
  SI   107 - 117     138 91
STEER (c/kg) 481-580 Lwt NI   302 - 319     327 246
Prime SI   303 - 314     309 244
               
    this 4 weeks 3 months 1 year 52 week
    week ago ago ago high low
Processor prices ...              
LAMB ($) including 1kg woolly pelt              
17.5 kg YX NI 89.19 86.86 87.44 102.32 111.36 86.28
  SI 90.36 86.86 83.36 99.44 107.03 82.72
Local trade (c/kg) NI 545 525 535 630 700 515
  (16-22kg) SI 550 530 520 620 670 500
MUTTON ($/hd) gross NI 63.00 61.95 61.95 76.23 79.38 60.90
(21.0kg MX1) SI 55.87 55.45 54.19 67.75 71.32 53.14
BEEF (c/kg)              
P2 steer NI 580 533 505 470 580 463
  (270-295kg) SI 557 518 487 432 557 432
M2 Bull NI 572 512 477 455 572 455
  (296-320kg) SI 505 482 458 380 507 380
Local Trade P2 NI 580 540 550 495 595 487
  (180-280kg) SI 580 530 510 480 580 470
VENISON ($/hd) gross              
  AP Stag 60kg NZ 415 392 376 382 464 376
               
WOOL indicator auction prices (c/kg, clean)           Source: WSI
  Mid mic (23.1-31.5)   1035 1008 796 760 1035 691
  Fine Xbrd (31.6-35.0)   657 643 568 573 657 518
  Coarse Xbrd (>35 mic)   572 557 500 544 572 472
Lamb   707 707 648 531 739 531
               
DAIRY ($/tonne)              
  Butter   4,305 4,431 4,445 4,221 5,393 3,524
  Skimmilk powder   2,629 3,053 3,118 4,353 4,391 2,603
  Wholemilk powder   2,876 3,463 3,450 3,987 4,022 2,854
  Cheese - cheddar   4,877 5,027 4,644 5,218 5,264 3,524
               
  Fonterra milk price   2014/15 forecast $4.40* 2015/16 forecast $5.25*
  Fonterra dividend   2014/15 forecast $0.20 - $0.30 2015/16 forecast 
  Fonterra wet share price   $7.92 NZX FCG = $4.69
    * before retentions      
Farms for sale   2,019 2,157 2,378 2,536    
Farm prices per hectare - (REINZ)   $29,141 $28,563 $27,957 $26,612    

for more detailed price data, by individual saleyard or processor, see our comprehensive listings here »